Is Silver the Next Tesla?
Jeff Clark, Senior Analyst, GoldSilver.com
SEP 14, 2020
Its no secret that one of the Nasdaqs best performing stocks this year has been Tesla. Its meteoric rise, until recently, flashed dollar signs in the dreams of its investors.
Given silvers historical volatility, a question dawned on me: could silver log a similar runaway price advance in the not-too-distant future?
Its a fair question. Not only can silver be highly volatile, but potentially life-changing catalysts are staring us in the face. So lets have a little fun and see if silver could have a comparable parabolic run
The Core Reason for Silvers Volatility Long-time silver investors already know this, but the primary reason the silver price is so volatile is because its a teeny tiny market. It takes less cash coming in to impact its price than it does other assets, including gold.
And when we look at just the investment market for silver, its even smaller.
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Lots of charts and graphs at source.